30 Second Insurance Tips©

Tip 110- Insuring Their Future Insurability

Carol called to find out what it would cost for $25,000 of life insurance on her 5 year old
grandchild. The answer: just $208 a year.

That’s an insurance claim she would hope never to file!

But she had another reason to buy that coverage.

The same $208 guarantees future purchase options at age 25, 30, 35 and 40 regardless of
health.

Thanks Carol for reminding me why so many parents and grandparents buy life insurance on
children.